Income-tax collections have risen sharply on back of high advance tax collection
Income of a self-employed individual can be calculated on presumptive basis under section 44ADA of IT Act.
The gross collection of direct taxes, before factoring in the refunds, for the FY 2021-22 stood at Rs 6,45,679 crore
Gross collection of direct taxes for this fiscal stood at Rs 2.16 lakh crore, versus Rs 1.37 lakh crore in corresponding period of last year